The convergence of the economies of enterprises in Russia and Belarus is a fundamental task for the leadership of the Vitebsk region in the near future.

This was announced by the Chairman of the Vitebsk Regional Executive Committee, Alexander Subbotin, at an expanded meeting of the Council of the Parliamentary Assembly of the Union of Belarus and Russia, which took place in Pskov on September 4.

The head of the Vitebsk region noted that issues of regional cooperation are particularly relevant for the border areas of Belarus and Russia, whose residents are the first to assess the effectiveness of interaction in the fields of economy, culture, education, and healthcare. "We have much in common in history, traditions, and way of life, so it is important to preserve and develop cooperation, taking into account the new challenges and conditions in which our border regions live and work," emphasized Alexander Subbotin.

He stated that according to the results of the first half of the year, the trade turnover of the Vitebsk region with the regions of Russia amounted to over Br6 billion. "When it comes to trade indicators, it is necessary to understand that the possibility of their increase is based on the production potential of our parties under the conditions created for doing business in both Belarus and Russia. As for the Vitebsk region, today we can confidently offer our Russian partners our expertise in the production of power and optical cable, water treatment equipment, excavators, telescopic lifts, metal-cutting machine tools, and hydraulic presses. All the listed types of products are manufactured at the production sites of the Moscow, Leningrad, Lipetsk, Kaluga, and other regions of the Russian Federation with a localization level of 70% or more, in order to then receive the status of a finished product that can then move freely between our states," reported Alexander Subbotin.

The head of the northern region of Belarus stated that the Vitebsk region has formed a center for the production of a wide range of polymer materials, glass fabrics, and acrylic fiber, which are intended to become growth points in the production of hundreds of types of petrochemical products, building materials, composite products, and new types of textile products. And this will be beneficial for the economies of many regions of Belarus and Russia.